LEVADE
ActiveLEVADE has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €210k and a net result of €184. Equity is growing by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 72% of 3166 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability43▼-28
Solvency67=
Growth35▼-17
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity short (current ratio 0.12 against 0.07 in 2024), and 22.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
77.7%
Return on assets
0.1%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
30 d early
2023
40 d early
2022
35 d early
2021
47 d early
2020
31 d early
2019
37 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€21k▼ 31.3%
2024 · €30k
2024: €30k
2024 → 2025
EBIT margin
0.9%▼ 17.4pp
2024 · 18.3%
2024: 18.3%
2024 → 2025
Net result
€184▼ 96.6%
2024 · €5k
2018: €7k
2020: €18k
2021: €15k
2022: €13k
2023: €16k
2024: €5k
2018 → 2025
Working capital
€-51k▲ 22.8%
2024 · €-66k
2018: €-195k
2020: €812
2021: €2k
2022: €-5k
2024: €-66k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€30k€21k▼ 31.3%
Equity€179k-€188k▲ 5.1%€205k▲ 8.7%€210k▲ 2.6%€210k▲ 0.1%
Operating result€19k-€19k▲ 0.6%€17k▼ 11.4%€6k▼ 67.5%€184▼ 96.7%
Net result€15k-€13k▼ 12.6%€16k▲ 23.2%€5k▼ 67.2%€184▼ 96.6%
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 97% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €270k
Fixed assets
€263k▼ 4.6%
Current assets
€7k▲ 45.5%
Equity and liabilities €270k
Equity
€210k▲ 0.1%
Debt
€60k▼ 15.2%
The debt ratio falls from 25.3% to 22.3%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€13k▼
2024 · €18k
Cash flow
€13k▼
2024 · €18k
Solvency
77.7%▲
2024 · 74.7%
Current ratio
0.12▲
2024 · 0.07
Quick ratio
0.12▲
2024 · 0.07
Debt / equity
0.29▼
2024 · 0.34
ROE
0.1%▼
2024 · 2.6%
ROA
0.1%▼
2024 · 1.9%
Debt
€60k▼
2024 · €71k
Debt ≤ 1 year
€58k▼
2024 · €71k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€281k€270k▼
Fixed assets21/28€276k€263k▼
Tangible fixed assets22/27€276k€263k▼
Land and buildings22€276k€263k▼
Current assets29/58€5k€7k▲
Amounts receivable after more than one year29-€5k
Trade receivables290-€5k
Cash at bank and in hand54/58€677€1k▲
Deferred charges and accrued income490/1€4k€942▼
Equity and liabilities
Total equity and liabilities10/49€281k€270k▼
Equity10/15€210k€210k▲
Contributions10/11€125k€125k=
Capital10€125k€125k=
Issued capital100€125k€125k=
Revaluation surpluses12€21k€21k=
Profit (loss) carried forward14€64k€64k▲
Amounts payable17/49€71k€60k▼
Amounts payable within one year42/48€71k€58k▼
Other amounts payable47/48€71k€58k▼
Accrued charges and deferred income492/3-€2k
Income statement
Code20242025
Turnover70€30k€21k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€13k▲
Other operating charges640/8€12k€9k▼
Gross operating margin9900€30k€22k▼
Operating profit (loss)9901€6k€184▼
Financial charges65/66B€131-
Recurring financial charges65€131-
Profit (loss) for the period before taxes9903€5k€184▼
Profit (loss) for the period9904€5k€184▼
Profit (loss) for the period to be appropriated9905€5k€184▼
Appropriation of the result
Profit (loss) to be appropriated9906€64k€64k▲
Profit (loss) brought forward from the previous period14P€58k€64k▲
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €184 ▼96.6%
Net result drops to €184, the lowest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200kEq €205k ▲8.7%
5 profitable years in a row build equity to €205k.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €18k ▲156%
Net result €18k, the highest in the series.
31-12
Financial
Liquidity times 257current ratio 2.26
Current ratio from 0.01 to 2.26; short-term debt falls from €197k to €642.
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
07-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2022
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
06-07-2022
Resigned as Director
Location & real-estate footprint
Registered office, Merelbeke-Melle
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Poelstraat 64A9820 Merelbeke-MelleGround area
264 m²
Building footprint
148 m²
Volume, LiDAR
759 m³
Parcel 44412C0304/00C005, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44412C0304/00C005 | Flanders | 264 m² | 1 · 148 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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FERRARO CONSULTANCY
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HOLDING VSMT
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Of 82,218 companies in sector 70200 we hold annual accounts for 52,395. 39,525 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded24-09-2004
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.